New Mexico § 7-9-111 Deduction; gross receipts; hearing aids and vision aids

New Mexico Statutes

§ 7-9-111 — Deduction; gross receipts; hearing aids and vision aids

New Mexico § 7-9-111

Ch. 7Taxation

Art. 9Gross Receipts and Compensating Tax

This text of New Mexico § 7-9-111 (Deduction; gross receipts; hearing aids and vision aids) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 7-9-111 (2026).

Text

and related services. A. Receipts that are not exempt from gross receipts taxation and are not deductible pursuant to another provision of the Gross Receipts and Compensating Tax Act that are from the sale of vision aids or hearing aids or related services may be deducted from gross receipts. B. As used in this section:

(1)"hearing aid" means a small electronic prescription device that amplifies sound and is usually worn in or behind the ear of a person that compensates for impaired hearing, including cochlear implants, amplification systems or other devices that are:

(a)specifically designed for use by and marketed to persons with hearing loss; and (b) not normally used by a person who does not have a hearing loss;

(2)"low vision" means impaired vision with a significant reduction in v

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and related services. A. Receipts that are not exempt from gross receipts taxation and are not deductible pursuant to another provision of the Gross Receipts and Compensating Tax Act that are from the sale of vision aids or hearing aids or related services may be deducted from gross receipts. B. As used in this section: (1) "hearing aid" means a small electronic prescription device that amplifies sound and is usually worn in or behind the ear of a person that compensates for impaired hearing, including cochlear implants, amplification systems or other devices that are: (a) specifically designed for use by and marketed to persons with hearing loss; and (b) not normally used by a person who does not have a hearing loss; (2) "low vision" means impaired vision with a significant reduction in visual function that cannot be corrected with conventional glasses or contact lenses; (3) "related services" means services required to fit or dispense hearing aids or vision aids; (4) "vision aid" means closed circuit television systems, monoculars, magnification systems, speech output devices or other systems that are: (a) specifically designed for use by and marketed to persons with low vision or visual impairments; and (b) not normally used by a person who does not have low vision or a visual impairment; and (5) "visual impairment" means a central visual acuity of 20/200 or less in the better eye with the use of a correcting lens or a limitation in the fields of vision so that the widest diameter of the visual field subtends an angle of twenty degrees or less.